Mumbai: Tata AIG Life customers can now pay
their renewal premium online as the company on Thursday launched the national electronic funds transfer (NEFT) mode for payment by
tying up with Citibank.
Citibanks`s customised services will allow Tata AIG Life
policy-holders to pay their renewal premium through the net
banking facility directly from their bank account with any
NEFT-enabled bank in the country, a press release said.
Tata AIG Life`s managing director N Suresh said the
service is yet another initiative taken by Tata AIG Life
to provide value-added services to its customers.
"Our solution enables near-time updation of
policy-holder`s accounts on the billing system of Tata AIG.
With over 57,000 branches participating on NEFT platform, we
see this channel becoming the preferred mode for C2B payments
in the coming years," Citi India`s product head of treasury
and trade solutions (global transaction services) V Dinesh